AgentMarkets & Economy

Consistency describes Houston’s home sales market

The Houston market is inching up annually
by Staff Writer
Nov 6
  • Less than 10 percent of all Houston home sales were valued above $500,000
  • Inventory has increased noticeably in the last 12 months
  • Year-over-year sales activity was barely adjusted

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The Houston-Sugar Land-Baytown metro accounted for 25 percent of all Texas homes sales during the third quarter; however, the metro's transaction total only equated to a 1.3 percent year-over-year rise in activity. This minimal bump in sales volume supports the notion that Houston has been a consistent performer during the past several years. Of the 23,109 homes that sold in Houston during the third quarter, more than 45 percent changed hands for less than $199,999, according to a report from the Texas Association of Realtors. Additionally, 45 percent of purchases were for properties priced between $200,000 and $499,999. [graphiq id="efjA8DubSaV" title="Home Sale Statistics in Houston, TX" width="600" height="678" url="https://w.graphiq.com/w/efjA8DubSaV" link="http://places.findthehome.com/l/94729/Houston-TX" link_text="Home Sale Statistics in Houston, TX | FindTheHome"] The volume of $200,000-plus deals pushed the metro's median home price to $215,000, a year-over-y...